India witnessed a remarkable 15.6% growth in gross direct tax collections, surpassing Rs 27 lakh crore in the previous fiscal year. This increase was propelled by rises in income tax and corporation tax payments. The net direct tax collection also met expectations, hitting nearly Rs 22.3 lakh crore, marking a 13.6% uptick. The surge in tax revenues combined with expenditure savings indicates a potential enhancement in the fiscal deficit as compared to the budget projections.